<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> Dec-31-1996 <PERIOD-END> Mar-31-1996 <CASH> 1,718,200 <SECURITIES> 0 <RECEIVABLES> 2,232,900 <ALLOWANCES> 117,500 <INVENTORY> 273,800 <CURRENT-ASSETS> 4,538,600 <PP&E> 20,109,900 <DEPRECIATION> 10,430,000 <TOTAL-ASSETS> 16,127,600 <CURRENT-LIABILITIES> 3,246,700 <BONDS> 3,178,000 <PREFERRED-MANDATORY> 14,100 <PREFERRED> 0 <COMMON> 875,900 <OTHER-SE> 6,736,000 <TOTAL-LIABILITY-AND-EQUITY> 16,127,600 <SALES> 0 <TOTAL-REVENUES> 3,335,300 <CGS> 0 <TOTAL-COSTS> 2,033,200 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 47,700 <INCOME-PRETAX> 506,300 <INCOME-TAX> 194,100 <INCOME-CONTINUING> 312,200 <DISCONTINUED> (2,900) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 309,300 <EPS-PRIMARY> .78 <EPS-DILUTED> .77